You increase employment, you increase the number of taxpayers and that increases revenue. Not even factoring in the decrease in entitlement costs [foodstamps, unemployment etc] since the unemployed soak up a lot of government spending.
You can debate whether the revenue increase would offset the decrease from lower taxes, but the increase from jobs is going to be there.
I think it's a no-brainer.
Coup has started. First of many steps. Impeachment will follow ultimately~WB attorney Mark Zaid, January 2017
christiefan915 (04-27-2017)
There is a tipping point. I agree that we have to make the tax environment business-friendly - but that logic doesn't extrapolate out indefinitely.
In other words, "tax cuts are good for business" doesn't necessarily equate to "massive tax cuts are even better for business," and certainly not to "eliminating taxes is best for business." The latter is an extreme, but illustrates the point. There is a % at which we're fostering job growth, but also not blowing up the deficit with no hope of revenue offset, no matter what the growth.
Trump's plan is pie in the sky on that front. The #'s don't add up.
Not at all. The line between that & Trump's proposal is nowhere near a fine one.
I support the idea of tax cuts. Believe it or not, I agree w/ ILA on some level that it's a moral issue. I particularly think that cutting corporate taxes is important in terms of keeping businesses domestic, and not overly burdening small businesses which are key to job growth.
But, there is a minimum of taxation that we need, and Trump's plan goes below that. Going from 35% to 15%? He's being bold just for the sake of being bold. If it's just intended as a starting point for Congress, that's fine - but it would never work if implemented. It would blow up the deficit, no matter what the growth.
It is astounding how naive JPP conservatives are when it comes to cutting taxes and the supposed "benefits" to workers.
Over and over and over and over they are told how "trickle down " is the answer to all their prayers, only to watch as the rich take their new tax cut and squirrel away any added profits while nothing ever seems to "trickle down" to them.
christiefan915 (04-27-2017), Phantasmal (04-27-2017), Rune (04-27-2017), TTQ64 (04-27-2017)
And the estate tax elimination is ridiculous.
That perpetuates the aristocracy, which even the founders warned against.
Phantasmal (04-27-2017), Rune (04-27-2017), zappasguitar (04-27-2017)
Jefferson, Franklin, Madison and many other leaders from our inception warned against the dangers of inherited wealth. Remember, our country was basically started because of the oppressive nature of the aristocracy we escaped.
That is more of a moral issue than what you suggest. And the estate tax is just that - a tax. It still allows for inheritance, and only kicks in at a certain level.
Can you call less than 300 words on one sheet of paper a tax cut proposal?
4,487
18 U.S. Code § 2071 - Concealment, removal, or mutilation generally
44 U.S.C. 2202 - The United States shall reserve and retain complete ownership, possession, and control of Presidential records; and such records shall be administered in accordance with the provisions of this chapter.
LOCK HIM UP!
domer76 (04-27-2017)
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